The Buenos Aires Grain Exchange’s forecast for a 2024 soybean harvest of 51m metric tons may fall as farmers in two northern provinces report damage to plants after hot and dry weather in March, analysts led by Cecilia Conde said in a weekly report.
- Soy harvest progress is 36%, trailing the average for this time of year by 12 percentage points
- The bourse axed its corn forecast by 6.1% to 46.5m tons as it continues to account for damage by leafhoppers, especially on the late-planted crop